Oppenheimer & Co. Inc. Sells 13,810 Shares of TeraWulf Inc. (NASDAQ:WULF)

Oppenheimer & Co. Inc. decreased its position in TeraWulf Inc. (NASDAQ:WULF) by 12.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,518 shares of the company’s stock after selling 13,810 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in TeraWulf were worth $461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aspect Partners LLC purchased a new stake in TeraWulf in the third quarter worth about $26,000. Amalgamated Bank increased its holdings in TeraWulf by 57.7% in the 2nd quarter. Amalgamated Bank now owns 7,963 shares of the company’s stock worth $35,000 after acquiring an additional 2,912 shares in the last quarter. ARS Investment Partners LLC bought a new stake in TeraWulf during the 2nd quarter worth approximately $44,000. Pekin Hardy Strauss Inc. purchased a new position in TeraWulf during the second quarter valued at approximately $44,000. Finally, Creative Planning bought a new position in shares of TeraWulf in the third quarter worth approximately $54,000. 62.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WULF has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $5.00 target price on shares of TeraWulf in a report on Tuesday, October 8th. Needham & Company LLC increased their target price on TeraWulf from $6.00 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of TeraWulf in a report on Thursday, October 3rd. Stifel Canada lowered shares of TeraWulf from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 29th. Finally, Northland Securities lifted their price objective on shares of TeraWulf from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, TeraWulf currently has a consensus rating of “Buy” and a consensus price target of $7.21.

TeraWulf Trading Down 2.3 %

Shares of TeraWulf stock opened at $7.03 on Friday. The stock has a 50 day moving average price of $5.73 and a 200-day moving average price of $4.52. TeraWulf Inc. has a one year low of $1.01 and a one year high of $9.30.

TeraWulf Profile

TeraWulf Inc, together with its subsidiaries, operates as a digital asset technology company in the United States. The company develops, owns, and operates bitcoin mining facilities in New York and Pennsylvania. It is also involved in the provision of miner hosting services to third-party entities. The company was founded in 2021 and is headquartered in Easton, Maryland.